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2006 ISD Summary Worksheet

037/Cherokee
037-908/New Summerfield ISD

Category Local Tax Roll Value 2006 WTD Mean Ratio 2006 PTD Value Estimate 2006 Value Assigned
A. Single-Family Residences 10,183,790 .9778 10,415,003 10,183,790
B. Multi-Family Residences 4,700 N/A 4,700 4,700
C. Vacant Lots 456,870 N/A 456,870 456,870
D. Rural Real(Taxable) 18,924,670 .9731 19,446,844 18,924,670
F1. Commercial Real 2,278,590 .9827 2,318,704 2,278,590
F2. Industrial Real 4,648,440 N/A 4,648,440 4,648,440
G. Oil, Gas, Minerals 50,880 N/A 50,880 50,880
J. Utilities 2,345,900 .9866 2,377,762 2,345,900
L1. Commercial Personal 1,914,320 .9854 1,942,683 1,914,320
L2. Industrial Personal 1,698,490 N/A 1,698,490 1,698,490
M. Other Personal 581,760 N/A 581,760 581,760
N. Intangible Pers/Uncert 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 14,050 N/A 14,050 14,050
Subtotal 43,102,460 43,956,186 43,102,460
Less Total Deductions 9,070,416   9,222,919 9,070,416
Total Taxable Value 34,032,044 34,733,267 34,032,044 T2
Category D Detail Local Tax Roll Ratio PTD Value
Market Value Non-Qualified Acres And Farm/Ranch Imp 15,354,990 .9578 16,031,520
Prod Value Qualified Acres 3,569,680 1.0452 3,415,324
Taxable Value 18,924,670   19,446,844

The taxable values shown here will not match the values reported by your appraisal district

NOTE: See the ISD Deduction Report for a breakdown of deduction values

SB4, Passed by the 1999 legislature, (section 403.302(J) and (K), Tax Code),requires the comptroller to certify alternative measures of school district wealth(T1, T3, and T4) in addition to the traditional measure(T2). Questions about the extent to which any of these wealth measures affect school funding should be directed to the division of state funding at the Texas Education Agency, Telephone #512-463-9238

T1 Loss To The Additional $10,000 Homestead Exemption T2 50% Of The Loss To The Local Optional Percentage Homestead Exemption T3 T4
37,431,453 3,399,409 34,032,044 0 37,431,453 34,032,044

T1 = School district taxable value before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value after the loss to the additional $10,000 homestead exemption

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your taxable value to be valid, and local value was certified.

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